Permit Capital LLC Acquires 50,000 Shares of HP Inc. $HPQ

Permit Capital LLC grew its holdings in HP Inc. (NYSE:HPQ) by 22.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 269,000 shares of the computer maker’s stock after acquiring an additional 50,000 shares during the period. HP accounts for approximately 1.9% of Permit Capital LLC’s holdings, making the stock its 18th largest position. Permit Capital LLC’s holdings in HP were worth $5,993,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Caitlin John LLC bought a new stake in HP in the third quarter worth approximately $30,000. Garner Asset Management Corp bought a new stake in HP in the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of HP during the 4th quarter worth $26,000. Sound Income Strategies LLC boosted its holdings in shares of HP by 97.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after buying an additional 646 shares during the period. Finally, BNP Paribas boosted its holdings in shares of HP by 89.5% during the 3rd quarter. BNP Paribas now owns 1,429 shares of the computer maker’s stock worth $39,000 after buying an additional 675 shares during the period. 77.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

HPQ has been the subject of several recent analyst reports. Barclays upped their price objective on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Bank of America upped their price objective on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Wells Fargo & Company upped their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. TD Cowen upped their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group upped their price objective on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $23.33.

HP Price Performance

NYSE:HPQ opened at $25.59 on Monday. The stock has a market cap of $23.40 billion, a P/E ratio of 9.44, a PEG ratio of 4.32 and a beta of 1.16. HP Inc. has a one year low of $17.56 and a one year high of $29.65. The company has a fifty day moving average price of $21.41 and a 200 day moving average price of $21.20.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, equities research analysts anticipate that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.7%. The ex-dividend date is Wednesday, June 10th. HP’s dividend payout ratio is presently 44.28%.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett?Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.